Salary sacrifice and super guarantee changes
From 1 January 2020, salary sacrificed super contributions will no longer be considered part of super guarantee (SG) contributions from employers.
QuickSuper to make significant change
From the 4th of September 2020 the Direct Debit facility offered by QuickSuper will end, with all employers needing to amend their payment method to electronic funds transfer (EFT).
Frequently asked questions about our name change
Our new name better reflects who we are, how we’ve always been and our actions for members.
- Strong long-term returns: The First State Super Growth option as sourced from the Super Ratings Fund Crediting Rate Survey for the Super Ratings SR50 Balanced (60-76) for a rolling 10-year return to 31 May 2020 was 7.77%. This is compared to the SR50 Balanced (60-76) Index Returns for a rolling 10-year return to 31 May 2020 of 7.13%. The SR 50 is a index of 50 super funds whereby each fund is assessed on criteria such as their rates of return and allocation of assets to growth assets between 60 -76 percent of the investment.
- Low fees: The total annual fee (inclusive of admin and investment fees) for our Growth option is 1.10% p.a., the industry average is 1.43% p.a., Chant West Super Fund Fee Survey, March 2020, based on a $50,000 balance in a Growth option given the circumstances has been approved previously and would be the most recent available.